Shares of Segility India witnessed a strong rise on BSE on Tuesday, December 24. The stock jumped as much as 5% to an intra-day high of ₹48.91 in morning trade.
- Previous closing level: ₹46.59.
- Opening level: ₹47.90.
- 52-week high: ₹48.91.
The stock has increased by 32% so far in December.
Recently Listed Stock
The IPO of Segility India was listed in November 2024 at a price of ₹30 per share.
- Listing date: 12 November 2024.
- With this rally, the stock has reached its highest level since its listing.
Brokerage firms’ opinion: buying advice
Jefferies’ perspective:
Global brokerage firm Jefferies has initiated coverage on Segility India with a buy recommendation.
- Target price: ₹52.
- Base:
- 31x PE (Value-to-Earnings Ratio).
- EBIT margins projected to double to 16.5% during FY24-27.
- FY25-27: 31% CAGR in EBIT.
JP Morgan’s view:
JPMorgan also initiated coverage on the stock with an overweight outlook.
- Target price: ₹54.
- financial projections:
- 50% earnings CAGR during FY24-27.
- Reduction in interest costs will strengthen the balance sheet.
Outlook on Sagility’s Financial Performance
EBIT and Earnings Estimates:
- EBIT Margin:
- Expected to reach 16.5% in FY24-27.
- EBIT CAGR:
- Increase in Income:
- 40% CAGR in FY25-27.
- It is the fastest among its competitors.
Should buy it?
According to brokerage firms, Segility India shares may see further rise.
- Target price: ₹52-₹54.
- Long-term outlook: Financial performance and strong management make it attractive,
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